iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

February 16: NSE Bans Trading in 12 Stocks as F&O Limits Exceeded

21 Mar 2024 , 05:48 PM

On February 16, 2024, the National Stock Exchange (NSE) imposed a ban on trading in futures and options (F&O) for 12 stocks, as they exceeded 95% of the market-wide position limit (MWPL).

The affected stocks are Aditya Birla Fashion and Retail, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, Delta Corp, Hindustan Copper, India Cements, Indus Towers, SAIL, and ZEEL.

While these stocks are under the F&O ban, they remain available for trading in the cash market. The NSE updates the list of securities under the F&O ban on a daily basis.

Derivative contracts for the mentioned securities have surpassed 95% of the MWPL, leading to their inclusion in the F&O ban period by the stock exchange.

The NSE has mandated that clients/members can only trade in the derivative contracts of these securities to reduce their positions through offsetting positions. Any increase in open positions will result in appropriate penal and disciplinary action.

No fresh positions are permitted in the F&O contracts for these stocks during the ban period imposed by the stock exchanges. On the market front, the Sensex rose over 225 points to surpass the 72,000 mark, while the Nifty settled close to 22,000 on Thursday.

The 30-share BSE Sensex gained 227.55 points or 0.32%, closing at 72,050.38 points, with intra-day trade ranging from 71,644.44 to 72,164.97 points. The broader NSE Nifty recorded a gain of 70.70 points or 0.32%, concluding at 21,910.75 points.

Market heavyweights like M&M, HDFC Bank, and SBI contributed to the positive performance, and both Sensex and Nifty experienced a positive bias with range-bound trading during the day. The BSE smallcap index rose by 1.24%, and the midcap index closed with a gain of 0.93%.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • F&O ban list today
  • f&o ban today
  • news
  • Stocks in F&O ban
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
15 Apr 2024   |   12:16 PM
Images
15 Apr 2024   |   10:33 AM
Images
15 Apr 2024   |   09:44 AM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp